[MolsonExport]

Anybody care to take financial advice from someone who so eagerly promoted bitcoin as a financial solution? If so, please send me a PM, because I have a bridge to sell you.



Bitcoins are accepted almost nowhere, and some cryptocurrencies nowhere at all.
Extreme price volatility also makes bitcoin undesirable as a store of value. And the storehouses — the cryptocurrency trading exchanges — are far less reliable and trustworthy than ordinary banks and brokers.
A bitcoin has no intrinsic value. It only has value if people think other people will buy it for a higher price — the Greater Fool theory*
Cryptocurrency is best-suited for one use: Criminal activity. Because transactions can be anonymous — law enforcement cannot easily trace who buys and sells — its use is dominated by illegal endeavors.

*In finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assets — items with a purchase price drastically exceeding the intrinsic value — if those assets can later be resold at an even higher price. This only works as long as there are enough new "greater fools" willing to pay higher and higher prices for the asset.


Lord, save us from these armchair internet 'experts'. Like Whac-a-mole (rather, like flies on shit), they keep coming back to SSP